Cape town: The Minister of Finance, Enoch Godongwana, will deliver the Medium-Term Budget Policy Statement (MTBPS) at a sitting of the National Assembly at the Good Hope Chamber in Parliament, today, Wednesday, 12 November 2025. The MTBPS plays a critical role in the overall budget process, as it sets out the policy framework for the budget that is presented every February.

According to South African Government News Agency, the MTBPS provides the country and its elected representatives with an update on the National Treasury’s economic forecasts, adjusts the budgets of government departments, and makes emergency changes to spending. At the sitting, the Minister is also scheduled to table several bills including the Adjustments Appropriation Bill, the Rates and Monetary Amounts and Amendment of Revenue Laws Bill, the Taxation Laws Amendment Bill, the Division of Revenue Amendment Bill, and the Tax Administration Laws Amendment Bill.

The MTBPS facilitates interaction between Parliament and the public with the government’s budget through committee oversight over government departments. This occurs when committees review the effective and efficient use of available resources. The process, known as the Budget Review and Recommendations Reports, must be tabled in the National Assembly before the MTBPS reports are adopted.

The address will be broadcast on various television channels and live streaming platforms at 2pm.